Target Hospitality (NASDAQ:TH) Upgraded by Northland Capmk to Strong-Buy Rating

Northland Capmk upgraded shares of Target Hospitality (NASDAQ:TH - Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Northland Securities raised shares of Target Hospitality from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $11.00 to $15.00 in a research note on Wednesday. Oppenheimer restated a "market perform" rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Target Hospitality Trading Down 2.5 %

Shares of TH stock traded down $0.24 during mid-day trading on Wednesday, reaching $9.64. The stock had a trading volume of 250,340 shares, compared to its average volume of 552,280. The firm has a market capitalization of $953.48 million, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.90 and a beta of 2.07. The stock's 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.03. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84.

Hedge Funds Weigh In On Target Hospitality

A number of institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Target Hospitality by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company's stock valued at $126,000 after purchasing an additional 1,540 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Target Hospitality during the 3rd quarter valued at $108,000. Creative Planning purchased a new position in shares of Target Hospitality during the 3rd quarter valued at $145,000. LB Partners LLC boosted its holdings in Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company's stock worth $4,173,000 after buying an additional 402,428 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock worth $292,000 after buying an additional 12,242 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.